Value of Myanmar-India border trade hit $188 mln in 2020-21FY

The value of border trade between Myanmar and India hit US$188 million between 1 October and 28 May in the current financial year 2020-2021, said a statistical report of Myanmar’s Ministry of Commerce.
The border trade during the period increased by $110 million compared with that o the same period of the previous FY.
The Myanmar-India total border trade during the period was shared by Myanmar’s export of over $187 million and its import of $1.3 million.
The two countries carry out the border trade mainly through Tamu, Reed and Thantlang cross-border trade camps, while a major part of bilateral trade is delivered through ships.
Most India-Myanmar border trade passes through the Tamu crossing. The Reed crossing in Chin State is the second busiest.
Myanmar mainly exports to India fruits and vegetables, fishery and forestry products while importing from India the medicines, electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials.
India is one of Myanmar’s top trading partners. The two countries signed a bilateral border trade agreement in 1994.
Meanwhile, Myanmar’s border trade with four neighbouring countries, China, India, Thailand and Bangladesh, totalled $6.98 billion, shared by $4.55 million in export and $2.43 million in import. — ACM/GNLM